Shades of Herbert Hoover

Another clueless Republican mess you've gotten us into Stanley!

From the LA Times 7/14/08 "As thousands of customers waited hours in the heat Monday to withdraw deposits from failed IndyMac Bank, investors dumped the stocks of many mortgage lenders, precipitating the steepest one-day decline in banking shares since 1989.

Southern California fixtures Downey Financial Corp. and FirstFed Financial Corp., specialists in the nontraditional mortgages that fueled the housing boom, were among the hardest hit, with their stock prices down 24% and 19% respectively. Shares of Washington Mutual Inc., the biggest savings and loan, fell nearly 35%."


Join a credit union - at least your money will be lent to people like yourself instead of some high flying deal making super capitalist.